The price of Chevron (NYSE:CVX) has become as a source of frustration. Chevron stock has remained range-bound since early 2018. Moreover, the CVX stock price still has yet to rise above its 2014 peak. The long-term track record of Chevron indicates that the stock will eventually rise. The question hinges on how to invest in CVX profitably. By focusing on income, investors can profit regardless of where oil trades.
I believe Chevron stock can rise above the $135 per share ceiling, eventually. Still, long-term holders of Chevron stock have faced years of frustration. Chevron peaked at just over $135 per share in July of 2014. Soon after, oil prices crashed, taking CVX below $75 per share by the fall of 2015. It made it back to a high of almost $134 per share by early 2018 and has remained range-bound since that time.
Source: InvestorPlace
Related Articles:
- 5 Dividend Stocks For The Ultimate In Deferred Gratification
- The Most Important Thing To Consider When Selecting A Dividend Stock
- 5 Healthcare Stocks With Growing Dividends Yielding In Excess of 2%
- 3 Powerful Concepts for Compounding Wealth with Dividend Stocks
- Why We Are Dividend Growth Investors
________________________________________________________________
Subscribe to:
Post Comments (Atom)
Popular Posts Last 30 Days
-
Not all utility stocks are cut from the same cloth. There have been some dividend blow-ups in the sector, as a few have become over-leverage...
-
There are some dividend aristocrats which have not only maintained but increased their dividends for over half a century. Having survived ev...
-
Showing resilience during a tough week was a group of stocks that has not been heard from much in the past two years. A group that has been ...
-
Just like stocks can be expensive, REITs can also be a bit pricey. But rather than use a price-to-earnings ratio, the best way to look at RE...
-
This REIT continues to make a strong value proposition for investors that value income stability in a volatile market. It convinces in terms...
-
Studies have shown that there is no single best season or month to trade stocks -- take that, January Effect! That said, there are some soli...
-
You have good reason to be nervous. Anyone who had just seen their retirement account take a big haircut would lose sleep. The question is, ...
-
Two conservative industry bellwethers with giant yields and strong businesses -- there's a lot to love here. Dividends are only as good ...
-
In today’s market, high-yield stocks are usually not the safest bets. I mean, if a company is solid and offers a yield much higher than its ...
-
Most dividend stocks pay on a quarterly or even semi-annual basis. And while that may not seem like a problem, for many retirees used to a m...
0 comments
Post a Comment
Post a Comment